Economics Homework
October 4, 2020
Adam Smith published his “Wealth of nations” which coincided with the American Declaration of Independence in 1776. His work introduced a formula for…
October 4, 2020
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There are many real world factors that cause aggregate demand and aggregate supply to shift.

There are many real world factors that cause aggregate demand and aggregate supply to shift. When an economy is operating at full employment (Qf) and experiences an economic change that impacts aggregate demand and aggregate supply then a new equilibrium occurs which causes either inflation, unemployment, neither or both.

Using the table of information below, start each # scenario at equilibrium and full employment (Qf), determine what curve shifts and which direction and the economic impact. 

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